Representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh on January 16 to share their experience in operating and investing in Cambodia and foster their connections.
Phnom Penh (VNA) – Representatives from about 50Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh onJanuary 16 to share their experience in operating and investing in Cambodia andfoster their connections.
Addressing the event, Vietnamese Ambassador to CambodiaNguyen Huy Tang said the embassy wanted to learn about difficulties that thebusinesses are facing and listen to their proposals, thus advising authorisedagencies in Cambodia and at home to seek measures.
Highlighting the development of the Vietnam-Cambodia relations in2023 and forecasting the situation in 2024, First Secretary of the VietnameseEmbassy in Cambodia Tuan Nguyen Tien said that continuing the growth trend of2023, the Cambodian economy is forecast to expand in a fast and sustainablemanner, becoming a bright spot in ASEAN.
To fulfil the target of drawing more than 6 billion USD inforeign direct investment in 2024, Cambodia is likely to continue to call onforeign firms to invest in prioritised areas such as agricultural product processing,high technology, industrial production, clean energy, tourism andinfrastructure construction, he said.
At the event, leaders of the businesses proposed a number of measures tosupport investment activities in the country. They showed their hope to form anetwork of Vietnamese firms in the neighbouring country to enhance mutualsupport.
Ambassador Nguyen Huy Tang hailed the efforts of Vietnamese businesses overthe years, and expressed his hope that in 2024, they will enjoy more successes inCambodia, a promising market for foreign investors in general and those fromVietnam in particular.
The diplomat asked the Vietnamese Business Club in Cambodia (VBCC) to promptlyfinalise procedures to establish a Vietnam-Cambodia Business Association (VCBA)to serve as a connecting point and a support venue for Vietnamese firms in thecountry.
He also reminded Vietnamese enterprises to speed up digitaltransformation and strengthen their linkages for common development.
VBCC Interim President Oknha Leng Rithy introduced operationplans of the club in 2024 as well as the procedures to establish the VCBA togive better support to business and investment activities of Vietnamese firmsin Cambodia./.
Amid the COVID-19 pandemic, many Vietnamese enterprises in Cambodia have tried their best to stand firm and have worked towards developing their business in the “new normal”.
Vietnam always attaches importance to the good traditional friendship with Cambodia, President Vo Van Thuong told visiting Cambodian Deputy Prime Minister Neth Savoeun during a meeting in Hanoi on January 7.
On the occasion of the 45th anniversary of Cambodia’s Victory over Genocide Day (January 7, 1979-2024), Khmer Times newspaper has published an article highlights the role of youth in building a "friendship bridge" between Vietnam and Cambodia.
Nearly 100 Vietnamese students, along with some international ones, representatives from the Khmer-Vietnam Association, and Vietnamese agencies and businesses in Cambodia, participated in a programme celebrating the 2024 Lunar New Year festival (called Tet in Vietnamese) at the Royal University of Phnom Penh (RUPP) on January 13 evening.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
An overview of the meeting (Photo: VNA) 
